Total technology industry M&A deals worth $908.1m were announced in Canada in November 2021, with Generac Holdings’ $770m acquisition of Ecobee being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 86.4% over the previous month of $487.25m and a drop of 65.3% when compared with the last 12-month average of $2.62bn.
Canada held a 2.20% share of the global technology industry M&A deal value that totalled $41.28bn in November 2021.
In terms of M&A deal activity, the Canada recorded 30 deals during November 2021, marking an increase of 7.14% over the previous month and a drop of 9.09% over the 12-month average.
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By GlobalDataCanada technology industry M&A deals in November 2021: Top deals
The top five technology industry M&A deals accounted for 99.8% of the overall value during November 2021.
The combined value of the top five technology M&A deals stood at $905.91m, against the overall value of $908.1m recorded for the month.
The top five technology industry M&A deals of November 2021 tracked by GlobalData were:
1) Generac Holdings $770m acquisition deal with Ecobee
2) The $116m acquisition of MindBeacon Holdings by CloudMD Software & Services
3) Playmaker Capital $12.1m acquisition deal with The Nation Network
4) The $5.9m acquisition of First Carbon by DeepMarkit
5) CryptoStar $1.91m acquisition deal with Neuro Digital
